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Canada's next PM Mark Carney vows to win trade war with Trump

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By illuminem briefings

· 2 min read


illuminem summarizes for you the essential news of the day. Read the full piece on BBC News or enjoy below:

🗞️ Driving the news: Mark Carney has won the race to succeed Justin Trudeau as Canada's prime minister, securing a landslide victory in the Liberal Party leadership contest.
• The former central banker takes office amid rising tensions with Donald Trump, who has imposed trade tariffs on Canada and suggested it should become the 51st U.S. state
• Carney vowed to "win the trade war" with the U.S., stating, "In trade, as in hockey, Canada will win."

🔭 The context: Trudeau resigned amid declining popularity, triggered by economic struggles such as a housing crisis and rising costs
• The Liberals, once trailing 20 points behind the Conservatives, have since narrowed the gap as Canadians rally against Trump’s trade policies
• Carney will lead a minority government and may face a snap election or a no-confidence vote soon

🌍 Why it matters for the planet: Carney has pledged major investments in clean energy while also supporting pipeline projects to balance energy needs
• His policies aim to diversify Canada's economy and reduce reliance on U.S. trade, shifting towards internal market liberalization
• In addition, his government is likely to focus on sustainable development and energy reforms in response to both economic and climate concerns

⏭️ What's next: Canada has already imposed retaliatory tariffs on the U.S., with Carney stating they will remain "until the Americans show us respect."
• The next general election could be called within weeks, pitting Carney against Conservative leader Pierre Poilievre.
• His administration will focus on trade diversification, economic stability, and border security in response to Trump's policies

💬 One quote: "We can't let him succeed… We need to pull together in the tough days ahead." — Mark Carney on Donald Trump’s trade policies

📈 One stat: Carney secured 85.9% of the vote in the Liberal leadership race, defeating Chrystia Freeland and other rivals by a wide margin

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